In 2024, despite the momentum in financialisation, the Nifty Bank index has underperformed, rising only 7% compared to the Nifty 50’s impressive 15.6% gain. This gap signals investor hesitation, with key banking stocks hovering around critical levels in both the public and private sectors. However, many banks maintain solid fundamentals and have the potential to … Read more
Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 percent increase. Meanwhile, over the … Read more
Extending its winning streak for the fourth consecutive trading session on Thursday, the Nifty Bank index achieved a new milestone by surpassing the 53,000 mark for the first time, reaching a fresh record high of 53,180 points. In the past four trading sessions, the index has surged by 2.60%, largely driven by strong performances from … Read more
The stock hit its record high of ₹1,199.35 and its market cap crossed $100 billion in intra-day deals today. The stock has now risen over 33 percent from its 52-week low of ₹898.85, hit on October 26, 2023. “While we estimate margins to remain range-bound in the near term, the operating leverage is emerging as … Read more
Nifty 50, which represents the country’s top 50 blue-chip companies across various sectors, closed the final trading day (Tuesday) of April, touching a historic peak of 22,783 points, marking a 0.61% increase. This surpasses its previous record high of 22,725 points. Today’s achievement signifies the index reaching a new peak approximately six times throughout April, … Read more